PILLAR II
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Romania Seeks to Drop Extra Capital Requirements for Private Pension Funds
Romania's liberal government will eliminate additional capital requirements imposed on private pension fund administrators by the previous Cabinet, finance minister Florin Citu said Friday.
Pillar II Pension Fund Managers End 2018 With Combined Net Profit Of RON168M
The seven mandatory private pension funds in Romania, known as Pillar II, ended 2018 with a combined net profit of RON168 million, 3% higher from the previous year, Finance Ministry data sho...
Government Lowers Capital Hike Requirements for Private Pension Fund Admins
Romania's government has lowered share capital hike requirements for mandatory private pension funds (Pillar II) introduced through a controversial tax decree in December 2018.
Pillar II Pension Funds Increased Exposure to Romanian Stocks by RON300M in H2, 2018
The managers of the Pillar II pension funds with 51 billion lei (over EUR10 billion) assets and 7.3 million members have increased their exposure to the Romanian stock market by 4.2% to RON7...
Pillar II Private Pension Funds Had Net Assets Of RON51B End-March 2019
Net assets of mandatory private pension funds in Romania (Pillar II) stood at nearly RON51 billion at the end of March 2019, up 20% on the year, according to the latest data from the country...
Romania To Postpone Capital Hike Requirements for Private Pension Funds until May 31
Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private pension funds, known as Pillar II, according to a draf...
Romanians May Stop Contributing to Mandatory Private Pensions after 5 Years
Romanians who contributed for at least five years to the mandatory private pension system known as Pillar II may choose to stop contributing, according to a norm issued by the country's fina...
Pillar II Pension Funds Had Average Annualized Yields of 8.03% in Ten Years
Mandatory private pension funds in Romania (Pillar II) had a total yield of 127.1% between 2008 and 2018, meaning an average annualized yield of 8.03% throughout the existence of this pensio...
Central Bank Official Warns Tax Decree Might Drive Pension Pillar II Admins Away
Central bank chief economist Valentin Lazea on Monday warned most if not all seven administrators of mandatory private pension funds, known as Pillar II, are looking to pull from Romania ove...